B. Riley Downgrades XO Group (XOXO) to Neutral

XO Group (NYSE:XOXO) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $35.00 target price on the specialty retailer’s stock, up from their prior target price of $32.00. B. Riley’s target price indicates a potential upside of 1.48% from the company’s current price.

Several other research analysts have also recently issued reports on XOXO. Roth Capital decreased their price objective on shares of XO Group from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, July 31st. ValuEngine cut shares of XO Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of XO Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.50.

NYSE XOXO opened at $34.49 on Wednesday. XO Group has a 52 week low of $17.49 and a 52 week high of $35.83. The stock has a market capitalization of $904.37 million, a price-to-earnings ratio of 88.41, a PEG ratio of 3.56 and a beta of 0.89.

XO Group (NYSE:XOXO) last posted its earnings results on Tuesday, July 31st. The specialty retailer reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. XO Group had a net margin of 7.73% and a return on equity of 8.57%. The firm had revenue of $43.15 million during the quarter, compared to analysts’ expectations of $42.85 million. sell-side analysts forecast that XO Group will post 0.65 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of XO Group by 2.2% in the second quarter. Northern Trust Corp now owns 344,451 shares of the specialty retailer’s stock valued at $11,023,000 after acquiring an additional 7,289 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of XO Group in the second quarter valued at approximately $694,000. WINTON GROUP Ltd bought a new position in shares of XO Group in the second quarter valued at approximately $12,113,000. Zacks Investment Management bought a new position in shares of XO Group in the second quarter valued at approximately $2,626,000. Finally, Macquarie Group Ltd. boosted its holdings in shares of XO Group by 630.2% in the second quarter. Macquarie Group Ltd. now owns 7,879 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

XO Group Company Profile

XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.

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